Russian Aluminum Imports Are Hurting US Market, Rio Tinto CEO Warns
- ‘It just looks strange,’ CEO says about Russian shipments
- Aluminum imports from Russia are up almost 60% since April
Jakob Stausholm
Photographer: Victor J. Blue/BloombergThis article is for subscribers only.
Rio Tinto Plc’s top executive is raising the alarm that the unfettered flow of Russian aluminum into the US is making North American producers less competitive.
Russian imports, which remain exempt from US sanctions, are flowing into the country unrestricted when allies like Australia continue to face restrictions left over from the Trump administration, Chief Executive Officer Jakob Stausholm said in an interview at Bloomberg’s New York headquarters. His comments are the most candid about the aluminum industry since taking the helm of Rio at the start of 2021.